ECON 310 Lecture Notes - Lecture 1: Exchange Economy, Macroeconomics, Human Capital
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ECON 310 Full Course Notes
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Cell phone: - cell number (prefers over email) Exam 1 - 20% - wednesday, february 1st (in class) Exam 2 - 35% - wednesday, march 15th (in class) Exam 3 - tuesday, april 25th, 8:00am - 10:00am. Focus on what we talk about in class rather than all the info in the book. The banking system presents to us an asset, referred to money, on the more macroeconomic system. Classical vs modern economics - the question is the relevance of the money. Classical - consequence is that we conclude that much of the important stuff in macroeconomics is from the supply side. Classical models aim to simplify the world - pure exchange economy (we all own some stuff and they are all produce resource being supplied to the market and we have preferences) Model how people transform the produce resources into the goods and services being consumed by the merging of markets.
